Mar, 31, 2021 — BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 2 branch locations and about $61.91 million in total assets. Opened 66 years ago in 1955, BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION has about 4,538 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 1110 BIG SPRING, TX 79721 |
| Phone: | (432) 263-8393 |
| Fax: | (432) 263-4817 |
| Website: | http://www.bstcu.com |
| Branches: | 2 branch locations |
| Members: | 4,538 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10577 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $61,910,758 |
| CEO/Manager: | Ashley Fowlkes |
| Chairperson: | AMBER BUSKE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 38,152,798 |
| TOTAL INVESTMENTS | 3,160,005 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 3,064,329 |
| Other Loans | 16,239,071 |
| TOTAL LOANS | 19,303,400 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -410,005 |
| Land And Building | 835,776 |
| Other Fixed Assets | 126,425 |
| NCUSIF Deposit | 439,516 |
| All Other Assets | 302,843 |
| TOTAL ASSETS | 61,910,758 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,410 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -97,450 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,993,106 |
| Regular shares | 18,772,033 |
| All Other Shares & Deposits | 22,492,676 |
| TOTAL SHARES & DEPOSITS | 54,257,815 |
| TOTAL LIABILITIES | 54,173,775 |
| Regular Reserve | 739,318 |
| Other Reserves | 0 |
| Undivided Earnings | 6,997,665 |
| TOTAL EQUITY | 7,736,983 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,910,758 |
| INCOME & EXPENSE | |
| Loan Income | 349,736 |
| Investment Income | 40,762 |
| Other Income | 72,114 |
| Total Employee Compensation & Benefits | 197,732 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 180,392 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 21,510 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 35,112 |
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